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According to CriptoNoticias, Spanish citizen David Merino has been arrested in Dubai on suspicion of leading the cryptocurrency Ponzi scheme FX Winning. The scam involved an amount of over 460 million euros and affected approximately 15000 investors, making it the largest cryptocurrency related case in the history of investigations in Spain. Merino continued to operate behind the scenes after leaving the company in 2021, attracting funds by promising high returns on foreign exchange and cryptocurrency investments, involving approximately 30 countries. Spain has 15 to 40 days to submit extradition documents. In addition, FX Winning is also under investigation in the United States and Mexico, with the US Drug Enforcement Administration stating that it is involved in $100 billion in funds.